LATITUDE 66 LIMITED (LAT)

Diamond drilling successfully completed with multiple targets tested at the KSB Project, Finland. The program consisted of 18 diamond holes for a total of 2,197m across four areas including K8, K9, K10 and K12. Samples submitted to the lab for testing with initial results expected in early November. Follow up downhole electromagnetic survey to commence in mid-October. Summer field activities are ongoing, inclusive of lithological and structural mapping and boulder/rock chip sampling.

The preliminary results from a recently completed VTEM survey by Carnaby Resources Limited highlights the further exploration potential at the Greater Duchess copper gold project in Queensland. The Company looks forward to the ongoing exploration works and the Pre-feasbility studies Carnaby Resources Limited is currrenlty undertaking.

The company releases an Appendix 4G.

The company releases its Corporate Governance Statement.

The company lodges its Annual Report to shareholders.

Latitude 66 and Betolar Plc have entered into a non-binding MoU to collaborate on investigating sustainable mining solutions for Latitude 66's KSB Project in Finland. Betolar Plc is a leading Finnish materials technology company driving the green transition in mining and construction. The partnership with Betolar Plc will look to utilise Betolar's cutting-edge technologies and innovations in Latitude 66's KSB Project, advancing sustainable practices and enhancing the project's sustainability credentials.

Lat66 is excited by the drlling results provided by Carnaby Resources Limited which highlights the further exploration potential across the Company's Greater Duchess Joint Venutre assets. The Company looks forward to the ongoing exploration works and the Pre-feasbility studies Carnaby Resources Limited is currrenlty undertaking.

Diamond drilling program has commenced at K South initially targeting K9 and K8 Prospects. The drilling at the K9 Prospect will target the down-dip/down-plunge DHEM conductive plates and step out from the previous high-grade intercepts. Drilling at K8 Prospect will similarly target the down-dip/down-plunge DHEM conductive plates and step out from the previous intercepts.

The company releases a notification of cessation of securities.

The following unlisted options were not exercised and expired on 20 August 2024: 10,000, exercise price of $1.30 and expiry date of 20 August 2024.

Recently analysed historical data confirms high grade gold mineralisation at the K8 Prospect. Historical Assay results include: 19.0 m @ 6.0 g/t Au & 0.04 % Co from 97.5 m (M461184R305); 6.5 m @ 8.1 g/t Au & 0.01 % Co from 45.1 m (SAY003); 5.6 m @ 4.9 g/t Au & 0.09 % Co from 58.5 m (M461184R306); Results compliment previous Latitude 66 assay results including 10.3m @ 4.8g/t Au & 0.04% Co2. Follow-up downhole electromagnetics (DHEM) identifies potential extensions to mineralisation. Significant >650 S conductor defined down plunge from 8.2m @ 2.8g/t Au & 0.03% Co1. Lithogeochemistry assessment completed confirming favourable host rocks. Resource drilling planned for K8 Prospect following resource drilling at K9 Prospect.

Downhole electromagnetic survey identifies significant >5,100 S conductor at the K9 prospect in the Kuusamo Schist Belt. Multiple in-hole and off-hole conductors modelled down plunge from existing gold-cobalt mineralisation. Modelled conductor correlates well with shear zone orientation, suggesting mineralisation is continuous and open to the south-west and north-east. Lithogeochemistry assessment completed confirming favourable host rocks. Assessment of DHEM and historical drilling data review nearing completion for K8 with results to be released shortly. Resource drilling planned to start at K9 in mid-August to target down-dip/down-plunge DHEM conductive plates.

The company lodges its Quarterly Cashflow Report and Quarterly Activities Report.

Exceptional grades of up to 137.7g/t Au and 10.6% Cu received from boulder rock chip samples taken from the PSB Project in Finland. Results of the boulder sampling, combined with previous exploration activities, confirm multiple gold-copper mineralisation trends across 2.0km, 1.6km and 1.2km. Based on results, Lat66 is currently re-analysing previous work undertaken in the area by the Geological Survey of Finland including base of till, diamond drilling and geophysical data. Exploration field work continues with ongoing boulder sampling and geophysical electromagnetic surveys to be undertaken.

Exploration assessment of the PSB Project has been concluded, with over 20 targets identified for follow up testing. Prospect areas identified from Lat66 geophysics, geological mapping including structural analyses and boulder & rock chip sampling. Analysis of boulder samples from the PSB Project is imminent. The P12 & P13 prospects within the PSB Project are showing potential for similar scale to K North, which has a defined JORC-2012 mineral resource1 of 650koz Au and 5,800 t Co. Lat66 is analysing previous work undertaken in the area by the Geological Survey of Finland including base of till, diamond drilling and geophysical data. Exploration field work continues with ongoing boulder sampling and geophysical electromagnetic surveys to be undertaken.

The company releases a Webinar Presentation.

Significant results returned from extensional drilling at K-South: 22.4m @ 2.4g/t Au, 0.07% Co and 0.16% Cu from 43.6m (L66K9DD010) including: 9.5m @ 3.7 g/t Au, 0.09% Co and 0.24% Cu from 51m, 4.3m @ 3.2g/t Au and 0.09% Co from 44m, Extension drilling results from the K9 Prospect confirm the potential for high-grade, shallow gold resource. The positive results confirm continuity of mineralisation over 100m and remains open in all directions. Follow up drilling to be undertaken in August 2024 targeting further extensions at K9 and high priority targets at K8 and K10.

Latitude 66 Limited is pleased to invite shareholders and investors to a webinar hosted by Managing Director, Grant Coyle and Technical Director, Toby Wellman, who will provide an update on the Company's recent significant developments and its primary objectives moving forward. Shareholders and investors are invited to register for the free webinar here: https://attendee.gotowebinar.com/register/3877973553416553052 on Tuesday, 9 July 2024 at 09:00am AWST (Perth) / 11:00pm AEST (Sydney/Melbourne).

It is anticipated that the securities of Latitude 66 Limited formerly known as Discovex Resources Limited LAT will be reinstated to quotation at 10:04:30 am (+/- 15 seconds) AEST on Thursday, 4 July 2024, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules. LAT raised $4,000,000 pursuant to the offer under its Prospectus dated 26 April 2024 and Supplementary Prospectus dated 23 May 2024 by the issue of 20,000,000 shares at an issue price of $0.20 per share.

name changed from DiscovEx Resources Limited